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of <h1>India Launches Simplified Electronic Service Tax Refunds for Exporters via ICES; Choose Between Rate Schedule or Document-Based.</h1> The government has introduced a simplified electronic service tax refund scheme for exporters via the Indian Customs EDI System (ICES), similar to duty drawback. Exporters can choose between electronic refunds based on a 'schedule of rates' or document-based refunds through Central Excise/Service Tax formations. To participate, exporters must register their bank accounts and tax codes with Customs ICES using Annexure-A. Refunds are processed electronically and credited to the exporter's bank account. The scheme requires exporters to declare their refund option on the shipping bill. A new account head under '0044- Service Tax' has been established for these refunds.
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